earnings
confidence high
sentiment negative
materiality 0.75
Tronox reports Q2 2026 net loss of $171M; revenue up 19% YoY but adjusted EBITDA down 22%
Tronox Holdings plc
- Revenue $868M (+19% YoY); TiO2 volumes up 18% YoY; zircon volumes up 61% YoY.
- GAAP diluted EPS -$1.07; adjusted diluted EPS -$0.51; net loss includes $103M tax valuation allowance.
- Adjusted EBITDA $73M (down 22% YoY); margin 8.4%; free cash flow $60M positive.
- Q3 2026 outlook: Adj. EBITDA $95-$115M; TiO2 volumes down mid-single-digit % sequentially; pricing up mid-single-digit %.
- Cost improvement program on track for $125-$175M annual run-rate savings by end of 2026.